Daily News

View All News

EMTA acquires Easy Staffing Services

March 17 2009

EMTA Holdings Inc. (OTCBB: EMHD.OB) said today its Lumea Inc. subsidiary acquired Easy Staffing Services Inc., an industrial staffing firm. EMTA acquired Easy Staffing in exchange for 15 million shares, a note for $8.75 million and the assumption of $2.3 million in debt.

Easy posted 2008 revenue of approximately $101 million and has 26 offices in 10 states, EMTA reported.

EMTA is an energy and fuel conservation company; it makes XenTx, Synergyn and other engine treatment and fuel efficiency products. The company said it could cross sell its products with Easy Staffing's industrial clients.

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*